1. What is Frankly?
The Frankly pensions app was developed by Zürcher Kantonalbank (ZKB) in 2020. Frankly focuses on Swisscanto investment products and offers five different strategies for pillar 3a with a stock allocation of 15% to 95%. Alternatively, you can use pillar 3a cash to minimize your risk by not investing in securities.
With the vested benefits solution, customers can choose from four different strategies with a stock allocation of 15% to 75%. A total of nine (for pillar 3a) and seven (for vested benefits) active or indexed investment products are used. In the comparison of various 3a funds carried out by the School of Management Fribourg in 2022, Frankly took first place (report in German).
The all-in fee of 0.44% covers almost all of the fees. Additional costs (e.g. bid-ask spreads, commission fees, taxes or duties) may arise only if securities transactions are made in the investment product in order to comply with the chosen strategy, for example. These costs are charged directly to the investment product.
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2. What makes Frankly unique?
An account can be opened digitally
Multi-award-winning Swisscanto investment products
An all-in fee of 0.44%
Frankly is owned by the Sparen 3 Pension Foundation and the Vested Benefits Foundation of Zürcher Kantonalbank.
Sustainable investing: a distinction is made between the two active “Responsible” and “Sustainable” Swisscanto investment products. The “Sustainable” product line meets more sustainability criteria than “Responsible”.
Community discount: the more people using frankly, the lower the fee will be.
If you switch from another pillar 3a provider or an occupational pension fund to Frankly, Frankly will cover the transfer costs. An exception applies to costs associated with insurance policies.
3. 3. Use via smartphone, tablet or computer
From signing up using your ID card to opening your account and choosing a strategy, you can do everything via the Frankly app and the web version. The vested benefits solution can only be accessed via a tablet or computer. The app can be downloaded from the Android and iOS app stores. You can access the web version at www.frankly.ch.
Promotion: use the code COMPARIS360 to save 35 francs on fees. The promotion is only valid for new customers within 48 hours of opening your first account. This code cannot be used in combination with other offers or promotions and is valid until 31 December 2024. Open an account now and use the voucher.
